Sequential decision problems with a limited memory.

Michael B. Marcus

Expert InsightsPublished 1957

A study based on the idea of sequential decision problems with a limited memory, taken from Herbert Robbins' paper, A Sequential Decision Problem with a Finite Memory. In these problems a random identically distributed sequence of Bernoulli trials occurs with a fixed probability p; p is unknown. An experimenter tries to predict, prior to the happening of each event, what the event will be. To aid his prediction the experimenter knows the outcome of the preceding r events and the guesses he made concerning them. He attempts to optimize the proportion of times he guesses correctly over an infinite number of guesses.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1957
  • Pages: 14
  • Document Number: P-1201

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Chicago Manual of Style

Marcus, Michael B., Sequential decision problems with a limited memory. Santa Monica, CA: RAND Corporation, 1957. https://www.rand.org/pubs/papers/P1201.html.
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